Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Wallets associated with Kimchi accused of short-term buying and selling for profit after STAR and other tokens were listed

Wallets associated with Kimchi accused of short-term buying and selling for profit after STAR and other tokens were listed

Odaily星球日报Odaily星球日报2026/07/27 15:16
Show original
According to Odaily and on-chain investigator Specter, the wallet (2yu...BMC) publicly shared by Kimchi in an X reply in April 2024 has been involved in several post-token launch trades. At 13:41 UTC on May 30, 2024, within one minute after STAR was deployed, a wallet linked to Kimchi bought in with 2.96 SOL (worth $407) and later sold for $45,600. At 23:38 UTC on June 11, 2024, two minutes after DADDY ANSEM was deployed, a Kimchi-linked wallet bought in with 4.94 SOL ($730), later selling for $14,600. At 22:45 UTC on June 26, 2024, within one minute after MUVA was deployed, a Kimchi-associated wallet bought in with 2.9 SOL ($407) and later sold for $53,000. Specter also noted that an exchange deposit address cluster revealed five more wallets that participated in the same MUVA launch bundling trades. Currently, there is no verifiable evidence proving that Kimchi earned an eight-figure profit in US dollars through the TRUMP token.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

South Korean stocks dropped over 1%

格隆汇•2026/09/29 04:07

"Big short" Michael Burry: The AI bubble may burst "earlier than expected," replacing short positions with put options to increase leverage

Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.

华尔街见闻•2026/09/29 04:01